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TFC Commodity Trading Forum

Crypto mining... *LINK*

Crypto mining, whatever the actual hell that is, is an electricity consuming activity of a very high order. Takes a lot of juice to run a mining farm.

So comes a solution to the problem...buy yourself a power source separate from the government utility, so as to play along with the greenies and not use hydrocarbon sourced juice, they decided to power their farms with self purchased nuclear plants. That in and of itself is a great idea, I think. Maybe this will start a trend. When I first heard of the possibility of a subdivision sized nuclear power plant...I thought it was a great idea.

"In Northeast Pennsylvania, a unique Bitcoin mining experiment is about to come online.

Called Nautilus, Terawulf is spinning up a nuclear-powered mining facility.

First announced back in 2021, Terawulf said that when Nautilus is at full capacity later in Q1 this year, the facility’s fleet of 15,000 mining rigs will have a hash rate of 1.6 exahashes per second (EH/s). That amounts to 1.6 quintillion hashes every second, or about 0.54% of the total computational power of the entire Bitcoin mining network today, which is currently running at 294.09 EH/s.

More importantly, though, none of this new mining capacity will be powered by fossil fuels, potentially addressing years-long criticism of the premier cryptocurrency."